Shiba Inu's Record-Breaking Q3 Return Sparks Concern Over Legitimacy

Shiba Inu investors are enjoying their highest-ever quarterly return of 35% in Q3, marking the first time the coin has stayed green through all of this period. Despite this 'extraordinary' rally, Shiba Inu is still down 18% for the year and a massive 93% below its all-time high.

This raises questions about whether a double-digit quarterly gain is actually a sign of life or just a trap for investors who are still nearly 100% underwater. Can a meme coin ever be a serious investment?